Amkor Technology (AMKR) closed the most recent trading day at $52.72, moving +2.79% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.34%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq gained 0.16%.
Coming into today, shares of the chip packaging and test services provider had gained 14.97% in the past month. In that same time, the Computer and Technology sector lost 1%, while the S&P 500 gained 1.19%.
The upcoming earnings release of Amkor Technology will be of great interest to investors. It is anticipated that the company will report an EPS of $0.42, marking a 2.33% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.83 billion, up 12.14% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.25 per share and revenue of $6.65 billion, which would represent changes of -12.59% and 0%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Amkor Technology. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Amkor Technology presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Amkor Technology is presently trading at a Forward P/E ratio of 33.69. This signifies a discount in comparison to the average Forward P/E of 34.87 for its industry.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 103, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amkor Technology, Inc. (AMKR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
